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Jeremy McChesney Jeremy McChesney is an SVP at Hanley Investment Group Real Estate Advisors.

LOS ANGELES—Convenience store triple-net product hasn’t lost its appeal with investors. According to Jeremy McChesney, SVP at Hanley Investment Group Real Estate Advisors, the retail product type is still incredibly popular, with assets trading at record cap rates and per-square-foot pricing. McChesney specializes in the product type, and has sold 15 7-Eleven properties in the last 16 months. He recently sold three properties, two in Los Angeles and another in Orlando, FL, and broke the record cap rate for the year at 3.56%. In this exclusive interview, McChesney takes us inside the deal to show how and why these are such sought-after properties, and reveals the investment philosophy behind the trend.

GlobeSt.com: What is interest like for NNN convenience store properties, like these, and why are they good investment opportunities?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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